Sarten

completed

Sarten Ambalaj Sanayi ve Ticaret A.S. is an established family-owned Turkish company specializing in manufacturing small and medium-sized (50 milliliters – 30 liters) tin cans. In addition, it makes a range of plastic containers of similar sizes, as well as tin and plastic covers for cans and jars. Sarten is Turkey’s largest supplier of: - containers for food products,- aerosol cans and - oil cans.Sarten client base includes prominent domestic and multinational companies, such as BP, Colgate-Palmolive, Mobil, Nestle, Shell, Unilever, and Danone. Based in Istanbul, Sarten has eleven plants. The plant locations include the cities of Izmir and Adana, as well as the smaller Turkish towns of Corlu, Silivri, Gebze, Gemlik, Manisa, and Karacabey in Turkey. In addition, the company has facilities in Pleven (Bulgaria) and is establishing a facility in Bucharest (Romania), expected to start production around June 2007. The plants are located in proximity of the company’s main clients, which reflects Sarten’s strategy to follow the geographical expansion of its key customers in growing industries such as food, oil and manufacturing. The project is to finance Sarten’s capital expenditures in Turkey, the building of a new production facility in Russia and the refinancing of its existing debt for a total cost of approximately $50 million.